The argument that rising energy prices caused the decline in U.S.productivity in the 1970s is made less believable due to the
A)falling level of saving in the 1970s.
B)falling level of energy prices in the 1980s.
C)rising level of energy prices in the 1980s.
D)rising level of energy prices in the 1990s.

Question

Quizplus · Accepted Answer

If the decline in productivity was truly caused by rising energy prices, then we would expect to see a continued decline in productivity as energy prices continued to rise in the 1980s and 1990s. However, energy prices actually fell in the 1980s, making it less likely that they were the primary cause of the decline in productivity in the 1970s.

The Argument That Rising Energy Prices Caused the Decline in U.S.productivity